insert_link Business / Economics As equity deals continue to decline and volumes dry up worldwide, African startups are increasingly relying on venture debt to stay afloat. By Conrad Onyango, bird story agency In 2022, when funding from venture capitalists began to dry up in Africa, Treepz, a shared mobility startup, was faced with a difficult decision... throw in the towel or grow the business without new investors. As part of their decision to keep going, they changed their core business model. “Towards the end of 2022, we knew the funding draught would happen in Africa. We […] todayJanuary 24, 2024 3
